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FINANCIAL NEWS
Zain KSA 2011 earnings up by 26%
21 Feb 2012
(MENAFN) Zain KSA said that total earnings for the 2011 fiscal year jumped by 26 percent to USD853 million, from USD674 million in 2010, reported Arab News.
The firm added that in the period, earnings before interest, taxes, depreciation, and amortization (EBITDA) soared by 172 percent compared to USD239.68 million a year earlier.
It also said that revenues jumped by 13 percent to USD1.78 billion from USD1.58 billion in 2010.
It is worth noting that in 2011, Zain KSA managed to reduce operational losses significantly by 30 percent to USD216.22 million from USD309 million in the previous year.
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